Fintech Finance

APRIL 10, 2025

A new income tax survey from ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology, developed in partnership with YouGov , shows that nearly 40% of taxpayers would use their tax refund to pay debt (e.g., credit cards, loans, etc.), credit cards, loans, etc.) 20% would make minor purchases (e.g.,

Tax Refunds 92

Tax Refunds IRS Identity Theft Alternative Payment Methods 92

Stax

MARCH 27, 2025

They check for fraud and fund availability (Verification) before depositing the money into your account (Completion). Through this, the government can also disburse social security and tax refunds to them without using paper checks. EFT comes in many forms that suit different business needs.

ACH 88

ACH Electronic Funds Transfer (EFT) Wire Transfer Wires 88

Finovate

AUGUST 30, 2024

Community Bank & Trust will leverage ValidiFI’s vAuth to verify bank account status and account ownership and possession for its Tax Refund Advance loan program. “This cutting-edge technology enhances the accuracy and security of the verification process, helping to ensure that every applicant is properly validated.”

Community Banks 52

Community Banks Tax Refunds Accounts Risk Mitigation 52

Payment Savvy

SEPTEMBER 5, 2024

Your paycheck, tax refund, or even a government benefit could be sent to you this way. It’s also how you might receive tax refunds, social security benefits, or even payments from customers if you run a business. They may require two-factor authentication or verification steps before processing a transaction.

ACH 52

ACH ACH Network Wire Transfer Direct Deposit 52

Clearly Payments

JULY 16, 2024

E-commerce merchants can reduce these risks by implementing multi-factor authentication, monitoring for unusual account activity, and setting clear return policies with robust verification processes. Rank Industry Fraud Rate Most Common Fraud Type 1 Travel and Hospitality 3.2%

Risk 52

Risk Identity Theft Phishing Account Takeovers 52

Nanonets

SEPTEMBER 28, 2023

Factors like cut-off times, verification, and weekends/holidays can affect EFT timing. Government Benefits: Governments use EFTs to distribute benefits and payments, such as social security and tax refunds, to beneficiaries. Domestic Wire Transfers: Usually same business day, up to 24 hours. Check with your bank for specifics.

Electronic Funds Transfer (EFT) 52

Electronic Funds Transfer (EFT) Funds Transfer Wire Transfer Wires 52

Nanonets

SEPTEMBER 28, 2023

Factors like cut-off times, verification, and weekends/holidays can affect EFT timing. Government Benefits: Governments use EFTs to distribute benefits and payments, such as social security and tax refunds, to beneficiaries. Domestic Wire Transfers: Usually same business day, up to 24 hours. Check with your bank for specifics.

Electronic Funds Transfer (EFT) 52

Electronic Funds Transfer (EFT) Funds Transfer Wire Transfer Wires 52